Western Corporation Is Two Years Old

Western Corporation is two years old.In June of the current year,Western makes an S election effective for the current year and becomes Western S Corporation.Western's sole shareholder,Wayne,exchanges all of his Western stock for all the stock of Western S Corporation plus $50,000 cash.

A) This transaction qualifies as a "Type F" reorganization for Western.
B) This transaction qualifies as a "Type D" reorganization for Western.
C) This transaction qualifies as a "Type B" reorganization for Western.
D) This transaction is taxable for Western.
E) None of the above.